Suppose that the returns from the stock market and bond market are $12\%$ and $5\%,$

respectively, in a $$boom$$ state; $4\%$ and $3\%$ in a $$normal$$ state, and $-9\%$ and $2\%$

in a $$recession$$ state. You invest $80\%$ in the stock market and $20\%$ in the bond

market when you expect a $$boom$$ state, $50\%$ in both markets when you expect a

$$normal$$ state, and $20\%$ in the stock market and $80\%$ in the bond market when a

$$recession$$ state is expected. Use Scenario Manager to find your portfolio return

in three different states.